Examlex
Briefly describe the characteristics of organization development (OD).
Average Cost
A method of inventory costing that determines the cost of goods sold and ending inventory based on the weighted average cost of all purchases.
Gross Profit Method
A technique used to estimate the amount of ending inventory using the gross profit margin.
Net Realizable Value
The expected selling price in the ordinary course of business minus the estimated costs of completion and the costs necessary to make the sale.
Normal Selling Price
The standard amount charged to customers for a good or service under normal market conditions.
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